How Singapore's new rate will change the S$3.5 trillion derivatives market

With the first interest rate swap transaction referencing the new Singapore Overnight Rate Average, the island state hopes to stay ahead of regional peers.
May 28, 2020

The long, drawn-out death of the Interbank Offered Rate (IBOR), which has been felt across the world, continues. But Singapore is pushing ahead with the new rates in a way that could give its derivatives market the edge.

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